OPD and Exceptional Financial Hardship
Printed From: CanadaStudentDebt.ca
Category: Government Program Problems
Forum Name: Applying for Student Loan Disabilty Relief
Forum Description: help others going through this crazy process!
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=54
Printed Date: 27/March/2026 at 2:17am
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com
Topic: OPD and Exceptional Financial Hardship
Posted By: markomeara
Subject: OPD and Exceptional Financial Hardship
Date Posted: 20/August/2002 at 5:14am
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Another letter to HRDC.... challenging their assertion that being on Orderly Payment of Debts removes a financial hardship.... August 20, 2002 Mr. Dave Cogliati Director General HRDC Student Loans Program Dear Sir, I have spoken with the trustee who looked after my bankruptcy and advised him of your department?s decision that I do not qualify for the exceptional financial hardship due to the fact that I am on the Orderly Payment of Debts program. His first comment is that this does not make any sense. He also agrees that the Surplus Income Table calculation uses net income less other deductions as outlined in my previous letter. I have done some more research and can easily conclude that remaining on the OPD program for my life, as suggested by your staff, would in itself constitute exceptional financial hardship, not a solution. Under the OPD program, I am barred from applying for any credit or possessing a credit card. As a result, I will not have any available methods of rebuilding my credit rating for the rest of my life. Here are just a few of the consequences of remaining on OPD and being unable to re-establish a credit rating: · At payments of $25 per month, the loan will never be paid off in my lifetime. · I will be accruing interest of $100 per month. · Barred from any rental accommodations that require a credit check. · Barred from further education, as I will not qualify for reinstatement options of CSFAA. · Loss of income due to inability to pass credit references for renting office space for counselling practice. · Increased banking costs as I will not qualify at free banking institutions · Barred from re-establishing my writing career due to inability to obtain any financing and credit review of publishers. · Barred from having a credit card for the rest of my life and therefore never able to rent a car, or rent a hotel or hostel. · If I attempt to raise a family, we well be forced to live at the poverty level for all our lives, as all surplus income will have to be sent to OPD. · Live with a bad credit rating for the rest of my life. My current part-time job involves teaching MS-Office skills at the college level. It is anticipated that in the next five years, these courses will become high-school courses and I will need to find other employment. Utilizing my masters degree in counselling requires additional education and training, as well as setting up a private practice. I will not be able to do this without re-establishing my credit rating. In light of the above, please review my case. Thank you for your attention to this matter. Mark O?Meara |
Replies:
Posted By: Guests
Date Posted: 29/June/2003 at 5:06pm
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June 29, 2003 Dear Mark, I am new to this site; I was actually referred by someone who works at a bank other than the one from which I secured my loan. After having read half of the nightmares and most of the disability topics(I'm in that category), I am more confused and less confident than ever. This is no reflection on you. I laud your work and this site and I wish you well in your situation. There are so many options as to how to proceed; I suspect that what most of us need is individualized strategies which is like asking for the moon. What I would appreciate is hearing from someone in Manitoba whose loans are in default. When I returned to school I did so with the purpose of improving my lot, not entering the house of horrors. Most or all of us deserve better tthan harrassment, berating and theft. I remain optimistic and hope for the best. Please reply. Thanks, sg in Winnipeg ps. I hope the copy of the letter I'm responding to is a re-type or draft copy. I say this as constructive criticizm, since I know how important it is to have precision in your business letters. ps. I wanted to enlarge the font on the entire response, but couldn't see how to do that. |
Posted By: Guests
Date Posted: 29/July/2003 at 8:56am
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Funny how things work out... I did all this work and began challenging the system...
Then this past spring I found out I had improperly treated Lyme disease... got that treated and I no longer have the chronic fatigue... of course I wrote to HRDC and told them and withdrew my application... So I'm stuck with the loans, but have my health back and this site exists... and I know in the long run things will work out.... Mark |
Posted By: wcreeves
Date Posted: 08/March/2004 at 10:20am
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Hi, I am new to this site. I am very upset. I got out of school decided to work for a year, then I went back to school for 2 years along with upgrades for computerized office administration, and needless to say I can't make a decent salary. I wanted to change my career due to my lack of holding a job, and lack of interest in the career of my choosing... why because I work hard with no amount of BUILDING A NEST EGG TO SECURE MY RETIREMENT... (ok i am being negative).... (i am a tad frustrated)...accept to survive without a car and without being able to support my very own self in the career I have chosen. BUT, because I can't support myself without scrounging and working and surviving pay cheque to pay cheque... I was laid off work and haven't been working for over a year, unable to pay for my student loan was told by the bank that i cannot apply for interest relief because I have had interest relief in the past so needless to say they are demanding a payment in full for my student loans which of course I can't pay for gas to find a job... All I want to do is change my career. Now my student loan is in collections so FORGET GETTING AN EDUCATION TO SURVIVE!!!! DO WE HAVE TO BE RICH TO GO TO SCHOOL...... LOOKS LIKE IT. life is hopeless and I am sad that I have no future. The jobs I can get pay me less than 21,000 a year and if i am lucky I might achieve 25,000 a year....I am so disgusted by our government with regard to our educational system that there is no hope for adult woman nor men to change a career if THERE IS NO WORK.... THAT FINDING A JOB AND SAVING A NEST is an impossibility in the field due to old people still working and not moving over to let us younger middle aged workers MOVE UP SOME KIND OF LADDER without dropping my pants. I have been constantly harrassed by the collections agency ... no they can't take blood out of a stone.. and so I will be selling my soul for the company for 9 to 11.00 dollars per hour yippeeeeeeeee I am so angry...... If I would know what I know now I should've become a dentist so that student loan repayments could have been repayed and out of my hair.... but stupid me i chose administration and didn't realize I WASN'T VERY GOOD IN MATH but good with people. SIGH Thank you so very much for being here so I could vent my frustrations.... I hope I haven't offended anyone. ------------- Christine |
Posted By: SolveStudentDebt
Date Posted: 08/March/2004 at 10:24am
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Wcreeves, Your frustrationis very visible. I can help you but youwill have to be the one to come forward because it is a service. Your situationis not hopeless. Consult with me if you so choose. Johnny
------------- Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com |